No one in the financial industry is in the mood to make any acquisitions any time soon, after this week’s J.P. Morgan Chase & Co. historic $13 billion settlement with the government over allegedly risky mortgage securities.

That was the sentiment at the “Emerging Trends in the Banking Industry” session at The Clearing House conference in New York on Thursday. Without even mentioning the elephant in the room by name once during the hour long panel, three major bank CEOs talked about how they really feel on what unfolded this week between the nation\’s biggest bank and the Justice Department.

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